Lowe's Companies, Inc. (LOW) Presents At Goldman Sachs 32nd Annual Global Retailing Conference 2025 Transcript

Company Overview - Marvin Ellison serves as the Chairman, President, and CEO of Lowe's, having been appointed in 2018 with over 30 years of experience in the retail and home improvement industry [2][3]. Acquisition Announcement - Lowe's recently announced the acquisition of Foundation Building Materials (FBM), a leading distributor of interior building products, which includes drywall, metal framing, ceiling systems, insulation, and commercial doors and hardware [3][4]. - FBM has a diverse customer base, with approximately 45% of its business coming from residential projects and 55% from commercial projects, which are evenly split between new construction and repair/remodel applications [4]. Engagement with FBM - Lowe's has been in discussions with FBM's leadership since the beginning of the year and has been impressed by their industry expertise and track record of profitable growth [5].